|
Public Act 096-1520
|
| SB3342 Enrolled | LRB096 15638 HLH 30874 b |
|
|
AN ACT concerning State government.
|
Be it enacted by the People of the State of Illinois,
|
represented in the General Assembly:
|
Section 5. The Bi-State Development Powers Act is amended |
by changing Section 1 as follows:
|
(45 ILCS 110/1) (from Ch. 127, par. 63s-9)
|
Sec. 1.
In further effectuation of that certain compact |
between the
States of Missouri and Illinois heretofore made and |
entered into on
September 20, 1949, the Bi-State Development |
Agency, created by and
under the aforesaid compact, is |
authorized to exercise the following
powers in addition to |
those heretofore expressly authorized by the
aforesaid |
compact:
|
(1) To acquire by gift, purchase or lease, sell or |
otherwise dispose of,
and to plan, construct,
operate and |
maintain, or lease to others for operation and maintenance,
|
airports, wharves, docks, harbors, and industrial
parks |
adjacent to and necessary and convenient thereto, bridges, |
tunnels,
warehouses, grain
elevators, commodity and other |
storage facilities, sewage disposal
plants, passenger |
transportation facilities, and air, water, rail, motor
vehicle |
and other terminal or parking facilities;
|
(2) To acquire by gift, purchase or lease; to plan, |
|
construct,
operate, maintain, or lease to or contract with |
others for operation and
maintenance; or lease, sell or |
otherwise dispose of to any person, firm
or corporation, |
subject to such mortgage, pledge or other security
arrangement |
that the Bi-State Development Agency may require, facilities
|
for the receiving, transferring, sorting, processing, |
treatment,
storage, recovery and disposal of refuse or waste, |
and facilities for
the production, conversion, recovery, |
storage, use, or use and
sale of refuse
or waste derived |
resources, fuel or energy and industrial parks adjacent
to and |
necessary and convenient thereto;
|
(3) To acquire by gift, purchase or lease, to plan, |
construct,
operate, maintain, or lease to or contract with |
others for operation and
maintenance; or lease, sell or |
otherwise dispose of to any person, firm or
corporation, |
subject to such mortgage, pledge, or other security
|
arrangements that the Bi-State Development Agency may require, |
a
development project described as a world trade center |
consisting of one or
more buildings, structures, improvements |
and areas necessary, convenient, or
desirable for the |
centralized accommodation of functions, activities and
|
services for or incidental to the transportation of persons, |
and the
exchange, buying, selling and transporting of |
commodities and other
property in world trade and commerce, the |
promotion and protection of such
trade and commerce, government |
services, including but not limited to
customs houses, customs |
|
stores, inspection and appraisal facilities, foreign
trade |
zone, terminal and transportation facilities, parking areas, |
offices,
storage, warehouse, marketing and exhibition |
facilities and other
facilities, and accommodations for |
persons and property;
|
(4) To contract with municipalities or other political |
subdivisions
for the services or use of any facility owned or |
operated by the
Bi-State Agency, or owned or operated by any |
such municipality or other
political subdivision. The Agency is |
authorized and empowered to
cooperate with the States of |
Illinois and Missouri, with any municipality,
with the Federal |
government and with any agency or commission of any one or
more |
of the foregoing, or with any one or more of them, for and in
|
connection with the acquisition, clearance, replanning, |
rehabilitation,
reconstruction or redevelopment of a world |
trade center area or of any
other area forming part of a |
development project for the purpose of renewal
and improvement |
of said area and for any of the purposes of this Act, and
to |
enter into an agreement or agreements (and from time to time to |
enter
into agreements amending or supplementing the same) with |
any such
municipality, commission or agency and with the States |
of Illinois and
Missouri and with the Federal government, or |
with any one or more of them,
for or relating to such purposes;
|
(5) To borrow money for any of the authorized purposes of |
the
Bi-State Development Agency, and to issue the negotiable |
notes, bonds or
other instruments in writing of the Bi-State |
|
Development Agency in
evidence of the sum or sums so to be |
borrowed;
|
(6) To issue negotiable refunding notes, bonds or other |
instruments
in writing for the purpose of refunding, extending |
or unifying the whole
or any part of its valid indebtedness |
from time to time outstanding,
whether evidenced by notes, |
bonds or other instruments in writing;
|
(7) To provide that all negotiable notes, bonds or other |
instruments
in writing issued either pursuant to subparagraph |
(4) or pursuant to
subparagraph (5) hereof shall be payable, |
both as to principal and
interest, out of the revenues |
collected for the use of any facility or
combination of |
facilities owned or operated or owned and operated by the
|
Bi-State Development Agency, or out of any other resources of |
the
Bi-State Development Agency, and may be further secured by |
a mortgage or
deed of trust upon any property owned by the |
Bi-State Development
Agency. All notes, bonds or other |
instruments in writing issued by the
Bi-State Development |
Agency as herein provided shall mature in not to
exceed 40 30 |
years from the date thereof, shall bear interest at a rate not
|
exceeding 14% per annum, and shall be sold for not less than
|
95% of the par value thereof. The Bi-State
Development Agency |
shall have the power
to prescribe the details of such notes, |
bonds or other instruments in
writing, and of the issuance and |
sale thereof, and shall have power to
enter into covenants with |
the holders of such notes, bonds or other
instruments in |
|
writing, not inconsistent with the powers herein granted
to the |
Bi-State Development Agency, without further legislative
|
authority;
|
(8) To condemn any and all rights or property, of any kind |
or
character, necessary for the purposes of the Bi-State |
Development
Agency, subject, however, to the provisions of the |
aforesaid compact;
provided, however, that no rights or |
property of any kind or character,
now or hereafter owned, |
leased, controlled, operated or used, in whole
or in part, by |
any common carrier engaged in interstate commerce, or by
any |
grain elevator, shall be taken or appropriated by the Bi-State
|
Development Agency without first obtaining the written consent |
and
approval of such common carrier or of the owner or operator |
of such
grain elevator. If the property to be condemned be |
situated in the State
of Illinois, the said Agency shall follow |
the procedure of the Act of
the State of Illinois providing for |
the exercise of the right of eminent
domain, and if the |
property to be condemned be situated in the State of
Missouri, |
the said Agency shall follow the procedure provided by the
Laws |
of the State of Missouri for the appropriation of land or other
|
property taken for telegraph, telephone or railroad |
rights-of-way;
|
(9) To contract and to be contracted with, to enter into |
limited
partnerships and joint ventures for any purpose |
authorized by this
compact, and to sue and to be sued
in |
contract;
|